This paper tries to explain why high inflation levels persist during long periods of time, in several countries … affected by chronic inflation, without the necessary corrective measures being implemented. Political models of conflict … results of a tobit model estimated over a panel of 10 countries affected by chronic inflation and covering 43 years of …

minimizing the variance of inflation as the policy objective. Following current developments in the theory of fiscal … unique equilibrium. The responses of inflation to various structural disturbances in the constant money growth rate … of nominal government debts (bonds) reduces the variance of inflation in the passive monetary-active fiscal regime …

This paper provides a comprehensive empirical analysis of the role of discretionary fiscal policy for inflation … is difficult to find robust evidence of the fiscal policy stance or impulse impacting directly on inflation differentials …. We do find, however, support for an indirect effect of discretionary fiscal policy on inflation differentials working …

movements with little inflation response; yet, at some point, something snaps, and a sudden inflation takes off that is strongly …

This paper investigates the impact of fiscal shocks on inflation, using a large panel of 139 countries over the period … 1970–2021. First, both headline and core measures of inflation increase in response to expansionary shifts in the fiscal … with care in aggregate demand management as it has significant effects on inflation, which are highly dependent on fiscal …

set as an increasing function of the inflation rate, the price level is determinate for intermediate values of the … inflation elasticity of the feedback rule and is indeterminate for both very low and very high values of the inflation …

prices and the path of inflation, potentially with significant effects on real variables in settings where the classical … aggregate output and employment -- and for the path of inflation, but not the cumulative amount of inflation overall. The … inflation at a lower cost to employment and output than the trade-off incurred by raising interest rates or by raising taxes …

. The risk of future regime shifts has encompassing effects on equilibrium. Inflation is systematically higher than it would … stability. This inflation bias is increasing in the real value of government debt. Regime-switching probabilities are not … interest rate sufficiently moderately when inflation increases. Lower fiscal dominance risk, in turn, mitigates the inflation …

Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …

This paper provides a comprehensive empirical analysis of the role of discretionary fiscal policy for inflation … is difficult to find robust evidence of the fiscal policy stance or impulse impacting directly on inflation differentials …. We do find, however, support for an indirect effect of discretionary fiscal policy on inflation differentials working …